Former CU Loan Processor & Her Boyfriend Ordered to Pay $750k in Restitution

Indira Mohabir and Phillip Cook open $3 million in unauthorized lines of credit, causing more than $1 million in losses.

By Peter Strozniak | July 21, 2023 at 02:00 PM

Wooden judge gavel and US money dollar bills

A federal judge ordered a former business loan processor and her boyfriend to pay more than $750,000 in restitution for opening nearly $3 million in unauthorized lines of credit that caused more than $1 million in losses for a California credit union.

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Fraud & Enforcement

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Former Credit Union Employee Sentenced in $2 Million Wire Fraud Scheme

By Peter Strozniak | May 17, 2024

Jose Prado-Valero receives more than $100,000 in cash kickbacks from remote co-conspirators.

Former Credit Union Employee Sentenced in $2 Million Wire Fraud Scheme

$3.4 Million Fraud Victimizes Alabama's Largest Credit Union

By Peter Strozniak | May 16, 2024

Eighteen persons are arrested and charged with theft, and arrest warrants are issued for five other individuals.

$3.4 Million Fraud Victimizes Alabama's Largest Credit Union

Sentence Handed Down in Bayer Heritage FCU Theft

By Peter Strozniak | May 09, 2024

Brandon Watkins uses member account numbers and personal information to access their funds via ITMs.

Sentence Handed Down in Bayer Heritage FCU Theft

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